Most Australians want greater restrictions on foreign ownership of farm land

An overwhelming majority of Australians support tighter restrictions on farm sales to foreigners, the ABC’s Vote Compass data has revealed. That view is shared across the country but is strongest in rural communities — perhaps providing insight into why the Turnbull Government effectively knocked back the sale of Australia’s largest cattle empire to a foreign-led…

New MP Tim Wilson calls for GST to be lifted to 20 percent

Newly elected Liberal MP Tim Wilson has called for the GST to be doubled in his maiden speech to parliament. Mr Wilson said it was time to stop “fiddling at the margins” when it comes to tax reform. “We have to move toward a simpler 20 per cent flat personal, company and consumption tax which…

Paul Keating warns Australia to prepare for the ‘rise of China’ 

Former prime minister Paul Keating has warned the nation does not have a foreign policy to accommodate the rise of China, claiming Australia’s international influence is waning Mr Keating made the comments during a discussion on Australia-China relations and said the Federal Government must take account of the rising Asian power. “The fact is Australia…

Paul Keating: Australia lacks a foreign policy to negotiate the rise of China

Paul Keating has accused Australia of lacking a foreign policy capable of negotiating the rise of China and the diminishing influence of the United States. “Australia needs a foreign policy, and it needs it urgently. Australia does not have a foreign policy,” the former prime minister told an audience in Sydney on Tuesday night. In…

Chinese businessman complains MPs ‘not delivering’ for donations

The Chinese community will increasingly demand a greater say in Australian public life, after being used as a “cash cow” by both sides of politics then ignored, according to one of the country’s biggest political donors.Huang Xiangmo, chairman of property developer Yuhu Group, who has given more than $1 million to both sides of politics…

Fracking banned in Victoria 

FRACKING will never happen in Victoria, with the state becoming the first in Australia to permanently ban all exploration and extraction of unconventional onshore gas but exploration and development for offshore gas will continue. A moratorium on the exploration and extraction of conventional onshore gas — a process industry groups say can take place without…

Australia Post property sell off could leave foreign groups in control

Australia Post’s move to sell key components of its $3.4 billion property portfolio into an unlisted trust run by Eureka Funds Management could leave foreign groups in control of some of the country’s best known buildings. The body is offering up seven GPOs across most capital cities in a trust structure that will allow foreign…

URC buying Australian snack food firm for $460 M

MANILA, Philippines – Universal Robina Corp. (URC) is set to acquire Consolidated Snacks Pty Ltd. (CSPL) of Australia for roughly $460 million as part of efforts to create a wider footprint in Oceania and the highly competitive Australian food and retailing market. The two parties signed an agreement under which URC, through its wholly owned…

FONTERRA to sell its interest in the Riverina Fresh brand.

FONTERRA will sell its interest in the iconic Riverina Fresh brand.The brand and its Wagga Wagga manufacturing site will be sold to investment group Blue River Group next month. Fonttera said all of its employees have received offers of employment from BRG. Fonterra Australia managing director René Dedoncker said the Wagga Wagga business was no…

Agriculture could ‘go to the dogs’ after greyhound ban

LOCAL leaders have aired genuine fear for the future of agriculture in the wake of the state government’s greyhound racing ban. It comes after Cootamundra MP Katrina Hodgkinson was unceremoniously demoted via press release late last week for crossing the floor of parliament to protect thousands of regional jobs. Ms Hodgkinson told The Daily Advertiser…